Insure Your Holiday Goodies

December 29, 2009

Tiffany&Co Diamond Necklace, Jewelry InsuranceWere you on Santa’s “nice” list this year? Did he leave you diamonds rather than coal in your stocking? Or maybe you received a timeless piece of fine art on the 8th day of Hanukkah? If you received any valuable articles for the holidays (or any time of year!) now is the time to contact your insurance specialist to be sure your gifts are covered.

One of the best things about insurance is the way that it offers something that is very hard to find: peace of mind. The key to acquiring this success is to invest time with your agent to establish an insurance policy that is perfectly attuned to the needs of your lifestyle. Your agent is the expert on insurance coverages, but you are the expert on what you have that should be covered. Your home and family grow over the years and whether you add, subtract, renovate, move, upsize or downscale to meet your needs, your insurance coverage should also change and grow with you.

Van Gogh; Fine Art Insurance

Homeowners, Condo and Renters Insurance policies provide a certain amount of personal property protection, but your coverage has limits and may not cover valuable additions. The limit on these policies refers to the maximum amount payable for each loss of or damage to unscheduled property. Unscheduled property is that which has not been specifically named  for coverage on your policy.

The scheduled personal property endorsement is available as an addition to your Home/Condo/Renters Insurance policy. For an additional premium, your policy will cover loss or damage to personal property items whose value exceeds the personal property coverage limit available under your standard Home/Condo/Renters policy.

The following is an example of the limits imposed on different categories of property and may not reflect your specific homeowner’s policy provisions:

  • $200 on money, bank notes, gold, silver, platinum, coins and metals;
  • $1,500 on securities, accounts, deeds, personal records, passports, tickets and stamps;
  • $1,500 for jewelry, watches, furs, precious and semiprecious stones;
  • $2,500 for firearms;
  • $2,500 for loss by theft of silverware, goldware and pewterware;
  • $2,500 on property at the residence premises used at anytime or in any manner for business purposes.

Other items you may want to schedule:

  • Digital, still and video cameras plus any additional equipment
  • Musical instruments
  • Fine Art (paintings, drawings, sculptures, vases)
  • Antiques
  • Sports equipment  

Stradivarius Violin; Musical Instrument Insurance

Simply, if any of your prized possessions are worth more than the limits specified on your policy, the full amount for the items will not be covered. That is when you may choose to schedule the item, or list it specifically on the policy so that it will be covered. The best way to decide if you should schedule items on your policy is to communicate your concern with an insurance professional; we can help. Call or e-mail us today: 914-598-3004 or Remember, as your life changes, your insurance needs tend to change along with it.

Side note: Get a load  of this gem–it’s Saudi Prince Waleed’s Mercedes-Benz SL 600. Holy bedazzling, Batman. Are those skunks on the seats?


Thanksgiving Insurance plus Pumpkin Spice Bars Recipe

November 18, 2009

Okay, there is no such thing as Thanksgiving insurance, but you can manage risks by cautiously cooking up that Thanksgiving storm (Thanksgiving Day is the peak day for home cooking fires and home insurance claims according to the National Fire Protection Association) and by ensuring that your home is protected with adequate insurance coverage.  Although financial times are tough, now is not the time to retreat and skimp on insurance; you may even consider increasing your limits.  During the holiday season, your home sees more guests bustling in and out, which may increase liability risks, and more cooking, which may expose safety hazards.

Below are a few things to be mindful of when entertaining your family and friends for the holiday:

  • “You can’t tell if a food is safe to eat by how it looks or tastes. Proper storage, cooking and handling are the only ways to ensure safe food.” Read this food safety information to prevent food poisoning.
  • If you are deep-frying your turkey, consider doing it in the garage or out on the deck. If you must do it inside, do not leave it unattended!
  • Stay in the kitchen while anything is being cooked. You want to make sure nothing spills, catches fire or boils over.
  • Be the Top Chef in your kitchen and make sure anyone helping you is being cautious.  Beware of letting children help in the kitchen–they can be injured and if it is a friend or relative’s child, a liability risk can arise.  
  • Invest in a fire extinguisher. It could stop a fire from becoming overwhelming and it can grant you a discount on your homeowner’s policy!
  • Push your sleeves up and wear fitted clothing so that loose articles don’t get set ablaze.
  • Keep your kitchen tidy and make sure paper towels, pot holders and packages are away from the stove.
  • Clean up spills or anything on the floor immediately to prevent slips and falls.  
  • Learn how to do the Heimlich Maneuver in case anyone is choking.
  • If anyone has had a bit too much to drink, do not let them drive away from your house. If they are involved in an accident, the subsequent liquor liability lawsuit could absolutely devastate your financial stability.
  • One guarantee for a great Thanksgiving is this recipe for pumpkin spice bars! It is yum in the tum and will give you a little insurance that everyone’s stomach is happy! 

    Make Pumpkin Spice Bars

    Pumpkin Spice Bars
    4 large eggs
    1 3/4 cup sugar
    1 cup vegetable oil
    2 cups fresh pumpkin puree*
    2 cups all purpose flour
    2 tsp baking powder
    1 tsp salt
    2 tsp pumpkin pie spice (avail in gourmet dept)
    2 cups golden raisins 
    • Preheat oven to 350 degrees.
    • In mixer, beat eggs until frothy.
    • Add sugar and beat for 2 minutes.
    • Beat in vegetable oil and pumpkin.
    • Sift dry ingredients over the raisins and fold dry mixture into the egg mixture. Do not over mix.
    • Pour into a greased and floured 13″x9″ pan and bake for 35-40 minutes or until firm to touch in center.
    • Cool on rack and cut into 24 squares.
    • DEVOUR.

    *To prepare fresh pumpkin for baking, follow these steps:

    • The best and sweetest pumpkin to use is the sugar pumpkin. Baking it concentrates the sugars and flavors.
    • Wash the pumpkin, discard the stem and quarter the pumpkin.
    • Remove seeds and save.
    • Place skin side down in a roasting pan filled with one inch of water
    • Bake at 325 degrees for 1 to 1 1/2 hours or until knofe pierces flesh easily.
    • Remove from pan and cool
    • Spoon out flesh infor food processor and process until smooth.